BEAR MARKET.
FOLKS, THE BEAR MARKET PERIOD IS OVER.
YOU CAN MAKE YOUR BUYING
It was 48 hours in which major investors left the market for being lazy... lol
Collections like Pudgy Penguins dominated the space, generating $115 million in sales. Innovation also came from platforms like Magic Eden and Pudgy Penguins, both of which introduced their own tokens.
Market saturation also remained a concern, with 98% of NFT collections showing little to no trading activity.
Only 0.2% of new releases proved profitable, and most collections lost more than half their value within a few days. While the end of 2024 showed signs of recovery in the NFT market, broader issues point to a decline in speculative trading.
